Fed expected to raise rates, project three additional hikes this year
WEEKLY MARKET COMMENTARY |
We expect the Federal Reserve to hike the federal funds rate by 25 basis points at the Wednesday, March 21 meeting, while also revising up its forecast on growth, inflation and employment. These economic projections will be published along with the monetary policy communique. Moreover, we expect the Federal Open Market Committee will revise up its famed dot plot forecast to account for a fourth rate hike this year in contrast with the three the committee had forecast at its December 2017 meeting.